Avenue Supermarts hits 5% upper circuit, surpasses Nestle India in m-cap

Elvera Bartels

The sector capitalisation (m-cap) of Avenue Supermarts, which runs the DMart chain of shops, crossed the packaged consumer merchandise company Nestle India on Wednesday.

At 02:26 pm, shares of Avenue Supermarts were being locked in the upper circuit of five for every cent at Rs two,453, with m-cap standing at Rs one.fifty nine trillion on the BSE. A combined all-around 375,000 shares improved palms and there were being pending get orders for thirteen,500 shares on the NSE and BSE. In comparison, Nestle India was up approximately one for every cent at Rs 16,305, with the m-cap of Rs one.57 trillion, info shows.

In the previous one yr, the stock of Avenue Supermarts has rallied 87 for every cent, as in contrast to 22 for every cent decline in the S&P BSE Sensex. The stock is investing shut to its all-time higher amount of Rs two,559 touched on February thirteen, 2020.

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